WhereiPark Announces Free Parking Management Tool for Multifamily Buildings

Digital platform maximizes revenue from unused parking spaces

TORONTO--(BUSINESS WIRE)--WhereiPark, a technology solutions provider helping property owners to create new revenue sources, has announced that its Parking Lot Management Tool is free for multifamily building owners and operators to use. The web-based platform organizes parking data and processes in a secure online environment, and is fully-integrated with WhereiPark’s Marketplace for Parking which allows property managers and owners to identify opportunities to leverage their excess parking for income. The Parking Management Tool is ideal for properties looking to gain insights and efficiencies relating to their parking garages.

With COVID-19 fundamentally transforming business, large corporations have extended work-from-home alternatives, leading to hybrid arrangements where employees can choose to work from core company offices, homes or other remote workspaces. At the same time, people who previously traveled using public transportation are now driving in private vehicles and require parking. This change has left some locations with a surplus of unrented spaces and others with a new demand.

"It's important that we support the multifamily industry, especially those operators who want to become more efficient while at the same time finding new sources of revenue during these challenging times,” said Jeremy Zuker, WhereiPark’s co-founder. “Without making any additional investment, there are many opportunities to maximize revenue from excess parking capacity right now. Our Parking Lot Management Tool handles the administrative work of recording information, keeping track of data including permits and spot numbers so that building owners and managers can focus on growing their businesses. The tool also integrates with a payment processing module to automate payments which is efficient for the building and improves the experience for parking tenants. We’ve already partnered with many of the largest real estate owners and managers in North America and will continue to work on innovative ways to help them adapt and create value.”

For more information, please visit https://www.whereipark.com/en/multifamily.

About WhereiPark

WhereiPark, founded in 2014, is a technology company that helps building owners and businesses unlock potential streams of revenue from unused parking. WhereiPark offers a turn-key digital solution that is used by many of the largest owners and managers of buildings in North America. For more information, please visit www.whereipark.com.